The Impending Threat of a U.S. Government Default.
TL;DR
The US could face default on its bills in a matter of weeks if a deal to lift the debt ceiling is not reached. Republican leaders in the House and the Biden administration are working towards a solution, but the Treasury may have to choose which bills to pay due to day-to-day cash flows in June.
- When Could the U.S. Default Without a Debt Ceiling Deal? The Wall Street Journal
- Time to Prepare Your Portfolio For a U.S. Government Default? A Wealth of Common Sense
- Why a government default could be worse than a government shutdown WTOP
- If the government defaults, here are the payments at risk The Washington Post
- What will happen to Social Security if government defaults on debt? ABC15 Arizona in Phoenix
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